When you are in business you can only operate if you have sufficient money to pay for the goods and services that you need to produce goods and services. If you put money into your business make it count! Ask yourself in spending that money what will be the outcomes.

Spending can be classified in other ways:

Short term spending … 1 month and its gone

These are items you need to operate. Examples include telecommunication costs, hosting plans, the costs of where you are conducting business. They can vary with the size of the business you operate. Advertising campaigns. Products

Medium term spending… 12 months and its gone

This may include items such as subscriptions to services you need such as aweber, zoom, learning systems, accounting products, cellphones, computers, networking, services!

Long term spending …. What you spend you always have

Mindset, the brand, website (you will still have to maintain it as a short term cost), knowledge